Vetr upgraded shares of Gamestop Corporation (NYSE:GME) from a buy rating to a strong-buy rating in a research note issued to investors on Friday morning. They currently have $33.36 price objective on the stock.
Several other equities analysts have also recently commented on GME. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Gamestop Corporation in a research report on Thursday, May 25th. Mizuho reaffirmed a buy rating and set a $27.00 price target on shares of Gamestop Corporation in a research report on Saturday, May 27th. Loop Capital reaffirmed a buy rating and set a $28.00 price target on shares of Gamestop Corporation in a research report on Sunday, May 28th. Robert W. Baird reaffirmed an outperform rating and set a $24.00 price target on shares of Gamestop Corporation in a research report on Sunday, May 28th. Finally, Zacks Investment Research raised shares of Gamestop Corporation from a sell rating to a hold rating in a research report on Monday, May 29th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Gamestop Corporation currently has an average rating of Hold and a consensus price target of $25.53.
Gamestop Corporation (NYSE:GME) traded up 1.05% during mid-day trading on Friday, hitting $20.29. The stock had a trading volume of 2,505,369 shares. The company has a 50 day moving average price of $20.57 and a 200 day moving average price of $22.11. Gamestop Corporation has a one year low of $18.47 and a one year high of $28.58. The stock has a market cap of $2.06 billion, a P/E ratio of 6.11 and a beta of 1.19.
Gamestop Corporation (NYSE:GME) last issued its quarterly earnings results on Thursday, August 24th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). Gamestop Corporation had a return on equity of 16.66% and a net margin of 3.90%. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the business posted $0.27 EPS. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, equities analysts anticipate that Gamestop Corporation will post $3.30 EPS for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Friday, September 8th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.52 annualized dividend and a dividend yield of 7.49%. Gamestop Corporation’s payout ratio is currently 45.65%.
Several large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in shares of Gamestop Corporation by 38.3% in the second quarter. Dimensional Fund Advisors LP now owns 8,501,615 shares of the company’s stock valued at $183,720,000 after purchasing an additional 2,353,774 shares during the period. Vanguard Group Inc. increased its stake in shares of Gamestop Corporation by 3.4% in the first quarter. Vanguard Group Inc. now owns 8,458,478 shares of the company’s stock valued at $190,739,000 after purchasing an additional 274,910 shares during the period. BlackRock Inc. increased its stake in shares of Gamestop Corporation by 11,239.8% in the first quarter. BlackRock Inc. now owns 8,262,281 shares of the company’s stock valued at $186,314,000 after purchasing an additional 8,189,420 shares during the period. State Street Corp increased its stake in shares of Gamestop Corporation by 1.6% in the second quarter. State Street Corp now owns 3,020,149 shares of the company’s stock valued at $65,265,000 after purchasing an additional 46,169 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Gamestop Corporation by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 2,378,388 shares of the company’s stock valued at $51,398,000 after purchasing an additional 24,784 shares during the period.
Gamestop Corporation Company Profile
GameStop Corp. is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. It operates its business in five segments, which consists of four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.
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